Month: March 2016

Page 2 of 3 – Theres a general feeling that things are getting better, he said. Its not only on just the retail side, but wholesale and commercial, too. Larger companies are feeling better and ordering more from our small businesses. Reaves started seeing a positive change in 2014 and… Read more“IN-DEPTH: Local bankers see rebound in lending”

EDMONTON — Albertas NDP government says it plans to introduce a bill to crack down on payday loan companies. An Act to End Predatory Lending would protect vulnerable people from paying exploitative interest rates on payday loans and spiralling into poverty, Service Alberta Minister Stephanie McLean said Wednesday. Albertans, more… Read more“Payday Loans Bill Will Crack Down On ‘Predatory Lending’ In Alberta”

When Mark Rockefeller, co-founder and chief executive of online lender StreetShares Inc., was in the military, he said he noticed that payday lenders would often set up operations in strip malls right outside the gates of military bases in the US “They were there to prey on young troops who… Read more“StreetShares Nabs Series A for Small-Business Loans”

Its also in the numbers that payday loans have the potential to be debt traps. The issue has come before the Legislature numerous times over the years, with little being done to change the way the loans are issued and how the fees are charged. This year doesnt seem to… Read more“OUR VIEW: Time for change on payday loans”

SBA loans can be a remarkably attractive financing option for small businesses looking to grow. So, obviously, there’s a catch. What makes them attractive: The loans carry lower interest rates and longer repayment terms than most other business loans, and you can use the funds for a variety of business… Read more“5 Reasons You Can’t Get an SBA Loan”

A Small Business Loan applicant is expected to do his/her homework before approaching a lender or bank for the loan. Post the Great Recession, banks and financial institutions have adopted a stringent verification process for approving loans. While big businesses have both the exposure and experience with respect to seeking… Read more“How To Get A Small Business Loan Without Being Ripped Off”

A list of the terms our society uses to describe payday lenders almost tells you everything you need to know. It reads a bit like a description of a B-grade horror film: predators, thieves, vampires, slave-drivers, or (my favourite) rapacious usurers. But if they’re so awful, why are they everywhere?… Read more“Reducing the payday lending trap”

As federal regulators prepare to crack down on payday lending, a new survey shows that borrowers are overwhelmingly satisfied with the service and wary of efforts to more stringently regulate it. Ninety-four percent of borrowers surveyed for the poll agree that payday loans “can be a sensible decision to get… Read more“Poll: Payday Borrowers Overwhelmingly Approve of Service”